Funded Startups in Riyadh
Across these 50 most recent Riyadh-area rounds (dated 2025-01-30 to 2025-11-28), the largest disclosed amount is Hala’s $157M Series B on 2025-09-19, which…
Across these 50 most recent Riyadh-area rounds (dated 2025-01-30 to 2025-11-28), the largest disclosed amount is Hala’s $157M Series B on 2025-09-19, which dwarfs the next-largest disclosed entries (Gathern $72M on 2025-08-20 and Salasa/Lucidya $30M on 2025-08-04 and 2025-07-14). Most disclosed deals cluster in smaller buckets: several Seed/Pre-Seed rounds sit around $1M–$5M (e.g., STAMP $2M on 2025-11-26; LDUN $5M on 2025-09-19; NQOODLET $3M on 2025-05-04), while only a few exceed $30M.
Temporal clustering is visible in the late-2025 window: from 2025-07-14 (Lucidya) through 2025-09-19 (Hala), multiple large rounds appear (Salasa $30M, Gathern $72M, and Hala $157M). The list also shows a disclosure pattern—13 of 50 rows are undisclosed (including Workey on 2025-11-14 and UpLevel on 2025-01-30), and 5 are labeled Series Unknown (including Morni on 2025-06-23 and Tadweeer on 2025-02-04). Sector-wise, Financial Services/FinTech/Finance appears repeatedly, with related entries spanning rounds from as early as 2025-02-12 (PIESH $2M) through as late as 2025-09-19 (Sinbad Tech $5M).
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Frequently asked
Which disclosed round looks like an outlier in this Riyadh list, and what’s the scale compared to the next-largest disclosed deals?
Hala’s $157M Series B on 2025-09-19 is the only disclosed round above $100M. The next-largest disclosed amounts are Gathern’s $72M (2025-08-20) and then a set around the $30M range (Salasa $30M on 2025-08-04; Lucidya $30M on 2025-07-14).
Do the largest rounds cluster in a specific late-2025 period rather than being spread evenly across the timeline?
Yes. Major disclosed rounds stack in the July–September window: Lucidya $30M (2025-07-14), Salasa $30M (2025-08-04), Gathern $72M (2025-08-20), and Hala $157M (2025-09-19). Outside that window, fewer rounds reach comparable disclosed amounts (e.g., Mnzil $12M on 2025-11-28).
How common are missing/undisclosed economics, and does that affect the ability to compare deal sizes?
Undisclosed amounts appear in 13 of 50 rows (for example, Workey on 2025-11-14 and Rased on 2025-11-11), which means size comparisons are limited to the remaining disclosed subset. Separately, 5 of 50 rounds are tagged Series Unknown (e.g., Morni 2025-06-23; Tadweeer 2025-02-04), adding uncertainty to stage-based analysis.
What stage labels show up most often among recent Riyadh rounds, based on the rows shown?
Across these 50 rows, Series A and Seed appear repeatedly alongside Pre-Seed and Series B. Notable anchors include Series A rounds like Mnzil $12M (2025-11-28) and Zetta Technologies $12M (2025-08-26), while Seed rounds span amounts from small checks such as Snbla $100K (2025-07-01) to larger Seed disclosures like BwaTech’s $16M (2025-09-21, though marked Venture - Series Unknown).
Are FinTech/Financial Services themes over-represented relative to other categories in this city feed?
Related finance themes recur across multiple rounds and dates rather than appearing once. Examples include FinTech/Finance entries such as LDUN $5M (2025-09-19), Sinbad Tech $5M (2025-09-19), Tuba $8M (2025-05-01), and Buildnow $10M (2025-02-11), alongside Financial Services listings like Hala’s $157M (2025-09-19).
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